Method for computerized wagering
First Claim
1. A method for computerized wagering comprising:
- sending a first participant'"'"'s offer for a wager on an event from a first client terminal to a server;
sending a second participant'"'"'s offer for an opposite side of the wager from a second client terminal to the server;
with the server, matching the first participant'"'"'s offer with the second participant'"'"'s offer; and
after an outcome of the event has been determined, settling the wager between the first and second participants.
4 Assignments
0 Petitions
Accused Products
Abstract
A system and method for networked exchange are disclosed. A system for networked exchange comprises an internal proxy (140); an exchange processor (120) in communication with the internal proxy (140); a database (130) in communication with the internal proxy (140); an external proxy (150) in communication with the internal proxy (140); and, a communications network (110) connected to the external proxy.
A method for networked exchange comprises 8 steps. Those steps are (1) specifying a mode of operations for an exchange; (2) identifying a commodity for the exchange; (3) listing information about the commodity; (4) accessing of the listing by a potential purchaser; (5) accessing the network-based exchange by the potential purchaser, (6) processing information generated by the potential purchaser, the information comprising a negotiation; (7) concluding the negotiation; and, (8) clearing the concluded negotiation.
211 Citations
90 Claims
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1. A method for computerized wagering comprising:
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sending a first participant'"'"'s offer for a wager on an event from a first client terminal to a server;
sending a second participant'"'"'s offer for an opposite side of the wager from a second client terminal to the server;
with the server, matching the first participant'"'"'s offer with the second participant'"'"'s offer; and
after an outcome of the event has been determined, settling the wager between the first and second participants. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20)
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21. A virtual interactive exchange that provides a trading forum, the virtual interactive exchange comprising:
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a server;
a first client terminal operative to send a first participant'"'"'s offer for a wager on an event to the server; and
a second client terminal operative to send a second participant'"'"'s offer for an opposite side of the wager to the server;
wherein the server is operative to match the first participant'"'"'s offer with the second participant'"'"'s offer and is further operative to settle the wager between the first and second participants after an outcome of the event has been determined. - View Dependent Claims (22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40)
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41. A method for computerized Calcutta wagering, the method comprising:
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providing an electronic network-based auction forum comprising a server and a plurality of client terminals connected to the server via a communications network;
with the electronic network-based auction forum, auctioning rights to wager on entrants of an event;
placing proceeds of the auction in a pool; and
after winning entrants of the event have been determined, dividing the pool among highest bidders of the winning entrants. - View Dependent Claims (42, 43, 44, 45, 46, 47, 48, 50, 51, 52, 53, 54, 55, 56, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 73)
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49. A virtual interactive exchange that provides a trading forum, the virtual interactive exchange comprising:
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a server;
a communications network; and
a plurality of client terminals connected to the server via the communications network;
wherein the server is operative to auction rights to wager on entrants of an event, place proceeds of the auction in a pool, and divide the pool among highest bidders of winning entrants after the winning entrants of the event have been determined.
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57. A method for computerized wagering comprising:
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selling shares of stock associated with respective entrants in an event;
with an electronic network-based exchange system comprising a server and a plurality of client terminals connected to the server via a communications network, trading shares of stock associated with the respective entrants in the event; and
after an outcome of the event has been determined, distributing proceeds raised in the selling of the shares of stock to stock shareholders of a winning entrant.
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74. A virtual interactive exchange that provides a trading forum, the virtual interactive exchange comprising:
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a server;
a communications network; and
a plurality of client terminals connected to the server via the communications network;
wherein the server is operative to sell shares of stock associated with respective entrants in an event, trade shares of stock associated with the respective entrants in the event, and distribute proceeds raised in the selling of the shares of stock to stock shareholders of a winning entrant after an outcome of the event has been determined. - View Dependent Claims (75, 76, 77, 78, 79, 80, 81, 82, 83, 84, 85, 86, 87, 88, 89, 90)
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Specification